September 2018

News Feeed

The Centre's rice procurement has surpassed the target at 38 million tonnes so far in the ongoing 2017-18 marketing year that will end this month, a senior food ministry official said Friday.

The rice procurement target set for this year was 37.5 million tonnes.

The government had procured 34.35 million tonnes during the last marketing year (October-September), surpassing the target of 33 million tonnes set for that year.

"Rice procurement is coming to closure this month. So far, we have procured 38 million tonnes. We have purchased more than the target set for this year," the official told PTI.

Much of the rice was purchased from states like Punjab, Chattisgarh, Uttar Pradesh, Haryana, Odisha, Andhra Pradesh and West Bengal. Over 33 per cent of the country's total rice production has been procured at the MSP. The paddy is procured at the minimum support price (MSP). State-run Food Corporation of India (FCI) and state agencies have undertaken procurement operation.

For the current year, the government has fixed paddy MSP of 'common' grade variety at Rs 1,550 per quintal, while that of 'A' grade variety at Rs 1,590 per quintal.

The country is estimated to have harvested a record 112.91 million tonnes of rice in 2017-18, as against 109.70 million tonnes last year, as per the official data.

By BOA Bureau

Current Issue

A Magazine on
Business and Management of Agriculture
From a business standpoint, an agri-magazine
dedicated at innovations and technology; the
‘business of agriculture' - inputs, produce and
post harvest – will form the core of the
magazine.

View
Media Kit

The magazine will be the first
to report, analyse and comment
on new developments in
agri-business sector in India
and in a limited extent in the
world
For more information and detail
of magazine please view
media kit